Ascenz Marorka, a GTT Group company, has announced that Gazocean, a French firm specializing in the technical management of LNG carriers, has chosen its Smart Shipping solution for its entire fleet of six vessels. The contract includes access to Ascenz Marorka’s Smart Shipping platform for managing vessel performance and monitoring LNG cargoes, along with automatic data collection from onboard sensors across the fleet. This data will be used to produce performance and environmental reports for Gazocean, as well as its shipowner and charterer clients, with the goal of optimizing energy ...

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling and fuel gas supply systems for four new medium-sized gas carrier (MGC) vessels. The ships are being built at the Nantong CIMC Sinopacific Offshore & Engineering (SOE) shipyard in Shanghai for Greek operator Capital Gas Ship Management. The order was booked by Wärtsilä in Q3 2024. Wärtsilä is the market leader in supplying cargo handling and fuel gas supply systems for MGCs, and this order once again strengthens this position. The 40,000 cbm capacity vessels will transport ...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group; Kawasaki Kisen Kaisha, Ltd. (“K” LINE); Mitsui O.S.K. Lines, Ltd. (MOL); Nihon Shipyard Co., Ltd., a joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation; Nippon Yusen Kabushiki Kaisha (NYK Line); Mitsui & Co., Ltd.; and Mitsubishi Corporation have jointly acquired Approval in Principle (AiP)(Note1) from the American Bureau of Shipping (ABS) and Nippon Kaiji Kyokai (ClassNK) for two types of low-pressure type liquefied CO2 (LCO2) carriers under their joint ...

India’s nascent shipbuilding industry is poised for significant growth, attracting interest from major economies like Japan and South Korea. Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal revealed that these countries are exploring opportunities to invest in India’s shipbuilding sector. Potential collaborations could include direct investments, joint ventures, and technology sharing, reflecting the global confidence in India’s maritime potential. The Ministry of Ports, Shipping, and Waterways aims to elevate India’s position from its current rank of 22nd in global shipbuilding to the top 10 by 2030, and the top ...

Drydocks World today signed a contract with Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) to acquire a new generation 5,000 tonne Floating Sheerleg Crane, which will help meet the growing demand for large-scale offshore projects. The signing ceremony took place in Dubai, attended by His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, Captain Rado Antolovic, PhD, CEO of Drydocks World, You Ruikai, the Chairman of ZPMC, and senior management from both companies. The design, construction, testing, and commissioning phase is expected to take approximately 24 ...

In what could be a boost for India’s nascent shipbuilding industry, companies from Japan and South Korea have expressed interest in investing in the sector, Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal has said. “This could involve direct investments, joint ventures, or technology sharing, or other forms of collaboration. Such international interest is a testament to the attractiveness of India’s shipbuilding initiative and the potential benefits of global expertise and capital infusion into the sector,” Sonowal told Business Standard in an interview after the recently concluded Maritime State ...

Strategic Marine, in collaboration with Centus Marine, is proud to unveil the introduction of Malaysia’s first hybrid Fast Crew Boat (FCB). This innovative vessel is equipped with cutting-edge hybrid technology and gyro-stabilization, marking a significant advancement in the region’s maritime industry. The vessel has been specifically designed to improve efficiency and sustainability in offshore operations, offering significant advantages in crew transfer to oil platforms. Its hybrid propulsion system reduces fuel consumption, resulting in lower emissions and a smaller carbon footprint. The gyro-stabilization enhances stability, ensuring safer and more efficient operations, ...

Mainboard-listed Yangzijiang Shipbuilding has entered into a joint venture agreement with Japanese conglomerate Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding (TZS) through a private share allotment. Currently, TZS is a wholly owned subsidiary of Tsuneishi Holdings with a paid-up capital of US$73.4 million ($95.8 million). The acquisition has a purchase consideration set at RMB833.1 million ($152.7 million), based on a willing-seller, willing-buyer agreement. The purchase consideration reflects TZS’s audited net asset value of RMB2.5 billion as at Dec 31, 2023. No external valuation was ...

GTT announces that it has received, in the third quarter of 2024, two orders from two Korean shipyards for the tank design of eight new Liquefied Natural Gas Carriers (LNGC), both on behalf of an undisclosed ship-owner. The first order will see Samsung Heavy Industries building four LNGCs. Each vessel will have a total capacity of 174,000 m³ and will be fitted with the Mark III Flex membrane containment system, a technology developed by GTT. The delivery of the vessels is scheduled between the second and third quarters of 2028. ...

On September 11, the Ministry of Trade, Industry and Energy held a commemorative event for the “21st Shipbuilding and Marine Day” at the El Tower in Yangjae-dong, Seoul. The event, attended by about 250 people from the shipbuilding and marine plant sector, celebrated the achievements and future plans of South Korea’s shipbuilding industry. Notable attendees included First Vice Minister Park Sung-taek, Choi Sung-an, Chairman of the Korea Offshore & Shipbuilding Association, and CEOs from major shipbuilding companies such as Samsung Heavy Industries, HD Hyundai Heavy Industries, and Hanwha Ocean. Shipbuilding ...

The Ship Building Financial Assistance Policy that lapses in 2026 is expected to be replaced with a new scheme with expanded incentives for 10 years, two people aware of the matter said. The move aligns with the Union government’s plans to develop India’s blue economy, or the sustainable use of ocean resources, and positioning the country as a ship manufacturing hub. The SBFAP, which lapses in 2026, is expected to be replaced by SBFAP 2.0 after 2026, which will have expanded incentives and give impetus to the development of the ...

Samsung Heavy Industries, a leading South Korean shipbuilder, announced that it has become the first in the Korean shipbuilding industry to pass the “International Risk Management Standard” (ISO 31000:2018) audit conducted by Lloyd’s Register Quality Assurance Inc. (LRQA), an international certification body. The International Risk Management Standard, established by the International Organization for Standardization (ISO), assesses an organization’s risk management capabilities for all types of risks arising during mid- to long-term business activities. LRQA evaluates key aspects such as the establishment of risk management standards, systematic response systems, the spread ...

GTT, in collaboration with Nikkiso Clean Energy & Industrial Gases, a Japanese leading provider of cryogenic pumps, announces that it has received an order from a Chinese shipyard to equip ten LNG-fuelled container ships with GTT’s advanced passive boil-off gas management system, Recycool™. This order represents a significant milestone in the adoption of Recycool™ by shipowners, showcasing the company’s capability to broaden its offerings and deliver comprehensive solutions for LNG-fuelled vessels, expanding beyond its core expertise in membrane technology. Recycool™ is an environmentally friendly solution designed to reliquefy excess boil-off ...

AMBPR, designer and manufacturer of a unique autonomous solution for ship repair – the GreenDock Robot – announced today that it has signed a contract for the sale of five robots to Damen Shiprepair Dunkerque (DSDu). This first sale for AMBPR comes after several years of collaboration between the robot manufacturer and DSDu, which, based on industrial tests, confirmed the robot’s good performance in autonomous washing, UHP and abrasive blast cleaning and painting of ships, as well as its positive environmental impact, reducing water consumption (-90%), pollution, greenhouse gas emissions, ...

HD Korea Shipbuilding & Offshore Engineering (KSOE) recently announced that it has signed a 247.9-billion-won (approximately $183.6 million) contract with a European-based shipping company for the construction of two liquefied natural gas (LNG) bunkering vessels. The vessels will be built by HD Hyundai Mipo Dockyard and delivered to the client by November 2027. Including these contracts, HD KSOE has received orders for a total of 150 vessels (including one offshore unit) valued at $16.97 billion this year, provisionally attaining125.7 percent of its annual target ($13.5 billion). By vessel type, orders ...